Saudi Arabia is going to produce less oil - high gas prices - When is the same old whine "Blame Sleepy Joe" going to start?

https://www.huffpost.com/entry/saudi-arabia-is-slashing-oil-supply-it-could-mean-higher-gas-prices-for-us-drivers_n_647d2840e4b0b4444c7f89b6
Saudi Arabia Is Slashing Oil Supply — And It Could Mean Higher Gas Prices For US Drivers

Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.


The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next year.

Calling the reduction a “lollipop,” Saudi Energy Minister Abdulaziz bin Salman said at a news conference that “we wanted to ice the cake.” He said the cut could be extended and that the group “will do whatever is necessary to bring stability to this market.”
The new cut would likely push up oil prices in the short term, but the impact after that would depend on whether Saudi Arabia decides to extend it, said Jorge Leon, senior vice president of oil markets research at Rystad Energy.
The move provides “a price floor because the Saudis can play with the voluntary cut as much as they like,” he said.

The slump in oil prices has helped U. S. drivers fill their tanks more cheaply and gave consumers worldwide some relief from inflation.

It is Sleepy Joes Fault - If Trump was there none of this would happen
Lets Go Brandon.. You could of stopped this. You didn't. Trump 2024!
Maybe when I see my gas guage go low, I will use my brains and fill up before it goes empty to save myself money. But Im too stupid to think like this..
My gas guage is 1/2 tank. Im gonna fill up...
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Saudi Arabia is going to produce less oil - high gas prices - When is the same old whine "Blame Sleepy Joe" going to start?
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